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The committee unanimously advanced a $1,035,180 economic development grant tied to the Phase I Plaza Area Project at Halperin Park and moved a tax increment financing agreement for the Jefferson Redevelopment Project forward to the full City Council. Members also received briefings on the Dallas Housing Opportunity Fund and a quarterly update on economic development incentives awarded.
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The committee’s main action was to send several economic development items to the full City Council for final consideration. One approved step was a $1,035,180 grant for the Phase I Plaza Area Project at Halperin Park, which is intended to support development activity in that area. The committee also heard updates on the Dallas Housing Opportunity Fund and on incentives the city has awarded through its economic development programs. It additionally considered a tax increment financing agreement for the Jefferson Redevelopment Project, which would use future district funds to help pay for redevelopment if the full council approves it.
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